(a) Except as otherwise provided in this Article 21, for the privilege of engaging in the business of leasing Commercial Space in properties in the City, the City imposes an annual Early Care and Education Commercial Rents Tax on each person engaged in business in the City that receives gross receipts from the lease of Commercial Space in properties in the City. For purposes of this Article 21, the term “lease” includes any “sublease.”
(b) The Early Care and Education Commercial Rents Tax shall be calculated by applying the following percentages to the person or combined group’s gross receipts from the lease of Commercial Space in properties in the City:
(1) 1% to the person or combined group’s gross receipts from the lease of Warehouse Space in properties in the City; and
(2) 3.5% to the person or combined group’s gross receipts from the lease of all other Commercial Space in properties in the City.
(c) The Early Care and Education Commercial Rents Tax shall become operative on January 1, 2019.
(Added by Proposition C, 6/5/2018, Eff. 7/20/2018, Oper. 1/1/2019)